ThoughtSpot
Valuation
$4.2B
2024 Revenue
$318.2M
Customers
1K
Funding
$663.7M
YOY
51.1%
Avg ACV
$318.2K
Team
1.7K
Founded
2012
How ThoughtSpot CEO Ravi Mhatre grew to $318.2M revenue and 1K customers in 2024.
ThoughtSpot is a software company that provides a search and AI-driven analytics platform for business intelligence and data analytics. The company was founded in 2012 and is headquartered in Sunnyvale, California. ThoughtSpot's platform allows business users to easily search and analyze large volumes of data in real-time, without requiring advanced technical skills or assistance from IT teams. The platform uses artificial intelligence and machine learning algorithms to provide insights and recommendations, helping users to make data-driven decisions. ThoughtSpot's customers include large enterprises across a variety of industries, and the company has been recognized for its innovative solutions and industry leadership.
Last updated
ThoughtSpot Revenue
In 2024, ThoughtSpot's revenue reached $318.2M. The company previously reported $210.6M in 2023. Since its launch in 2012, ThoughtSpot has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | ThoughtSpot Hit $318.2m revenue in October 2024 | |
| 2023 | ThoughtSpot Hit $210.6m revenue in November 2023 | |
| 2022 | ThoughtSpot Hit $154.5m revenue in November 2022 | |
| 2021 | ThoughtSpot Hit $98m revenue in November 2021 | |
| 2021 | ThoughtSpot Hit $98m revenue in November 2021 | |
| 2020 | ThoughtSpot Hit $75m revenue in December 2020 | |
| 2019 | ThoughtSpot Hit $36m revenue in August 2019 | |
| 2012 | Launched with $0 revenue |
ThoughtSpot Valuation, Funding Rounds
ThoughtSpot reached a $4.2B valuation in 2021, set during its Series F round.
ThoughtSpot has raised $663.7M in total funding across 7 rounds, most recently a $100M Series F round in 2021.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2021 | Series F | $100M | $4.2B | 2% | |
| 2021 | Venture Round | $20M | - | - | |
| 2019 | Series E | $248M | $1.7B | 15% | |
| 2018 | Series D | $145M | $855M | 17% | |
| 2017 | Series C | $60M | - | - | |
| 2016 | Series C | $50M | - | - | |
| 2014 | Series B | $30M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
ThoughtSpot serves 1K customers.
ThoughtSpot Employees & Team Size
ThoughtSpot employs approximately 1.7K people as of 2026, up from 1.5K in 2024, including 121 sales reps that carry a quota. It serves 1K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2025 | Reached 1.7K employees (November 2025) |
| 2024 | Reached 1.5K employees (March 2024) |
| 2023 | Reached 1.5K employees (November 2023) |
| 2022 | Reached 1.1K employees (November 2022) |
| 2021 | Reached 683 employees (November 2021) |
| 2021 | Reached 683 employees (November 2021) |
| 2020 | Reached 569 employees (December 2020) |
| 2020 | Reached 569 employees (November 2020) |
| 2019 | Reached 500 employees (August 2019) |
| 2018 | Reached 347 employees (May 2018) |
Frequently Asked Questions about ThoughtSpot
What is ThoughtSpot's revenue?
ThoughtSpot generates $318.2M in revenue.
Who is the CEO of ThoughtSpot?
The CEO of ThoughtSpot is Ravi Mhatre.
How much funding does ThoughtSpot have?
ThoughtSpot raised $663.7M.
How many employees does ThoughtSpot have?
ThoughtSpot has 1.7K employees.
Where is ThoughtSpot headquarters?
ThoughtSpot is headquartered in Mountain View, California, United States.
Compare ThoughtSpot to the industry
ThoughtSpot operates across multiple industries. Browse revenue, funding, and growth data for ThoughtSpot in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
MN8 Energy
MN8 Energy is one of the biggest US renewable energy producers serving large organizations with solar power generation, storage solutions & EV charging.
Xreal
Xreal is a developer of ready-to-wear mixed reality glasses. Its flagship product, Nreal light, is the first lightweight and comfortable mixed reality glasses.
SOTI
SOTI is a global provider of enterprise software solutions that go beyond traditional MDM/EMM/UEM. For over 25 years, SOTI has been trusted by companies to get the most out of their mobile operations. It continues to be recognized as an industry leader and an innovator in the mobile management space and beyond. With the SOTI ONE Platform, businesses get the most out of smartphones, tablets, wearables, cameras, POS terminals, kiosks, scanners and more. Additionally, SOTI enables organizations to rapidly build mobile apps to replace paper-based processes and manage enterprise-grade printers.
Moonshot AI
Moonshot AI is an artificial intelligence company that specializes in creating AI chatbots and utilizes large language models for various applications.
Iterable
Optimize and measure every customer interaction
Mastercard Services
Mastercard Services offer a comprehensive suite of value-added services to power your next era of growth. By harnessing the power of our real-time, anonymized and aggregated transaction data, powerful software platforms and wealth of expertise, we empower customers to unlock a holistic view of consumer behavior beyond their four walls, distill actionable insights and make more data-driven decisions. With compelling offerings for financial institutions, retailers, telecommunications organizations, travel companies and more, our services drive efficiency and value and enable our customers to solve business problems from end to end.